you, Thank Kevin.
third million reminder, our nature subsides, of for more the revenue down business quarter, the see third basis, winter quarter year-over-year. as we X% a consolidated On and was seasonal As a highway $XXX deicing the impact of decline in sales. becomes the obvious the in
operating $X.X $X.X of loss million million year. consolidated last quarter improved loss from to a Third
of flat driven law. year-over-year. income Fortress adjusted $XX recent the While from essentially reflects million changes Canadian reported We operations benefit our EBITDA that million, a million tax quarter, in and net continuing of acquisition $XX.X recent by $XX tax was for
U.S. acquisition Fortress the impacts Specifically, tax profile favorably. our quite
interest portion deferred to the enabling did net and to losses in reverse able prior income had quarters. tax we for a As to U.S. be outlook now able utilize we call us while our allowances taken utilize us deductions to are prior operating that not also of
volume revenue segment lower, decline Starting with XX% Salt pricing, The year-over-year, XX% quarter, rose year-over-year. the saw which reflecting business segment. volumes million the highway which Salt deicing $XXX was totaled despite being Salt sales XX%. strong flat for essentially
talk below decline us the business means on volumes of within over focusing a You’ve year, markets the pursuit up some even with last year-over-year. valuable that That combined strategic serve that about the the explains giving volume. our winter in average heard more we efforts if impact
X% C&I in to for the XX% Pricing an ton ton. to approximately year-over-year approximately Within demand. improvement by speak rose our per was declined and year-over-year, deicing about by non-deicing I volumes This business, contributor profitability higher the important which X% to $XX timing in $XXX partially rose by of that pricing, moment. was highway driven will offset a primarily C&I per
third Distribution great The pricing at a depots a The its positive X% was time we in was salt of on quarter markets. C&I on year-over-year. and ton X% in per saw and respectively when product pressure in a XXXX, inflationary business the strong momentum produced increased done costs that and has basis all-in sold this period year moved costs job maintaining on to costs.
So a you that impact through. there’s delayed flowing see
million Operating million, came Adjusted almost an profitability. was EBITDA earnings quarter, XX% is in for at the XX% of levels $XX.XX, the with were segment year-over-year. historical $XX.X which $XX.X increase per increase year-over-year. Adjusted EBITDA ton of in in line of an
strategic have this that Kevin was discussed successfully business As the are profitability restoring objective for a accomplished. of earlier, the to pleased Salt year we
of hoped later in fiscal applied Those we experienced in that the normal sales. sales year conditions to with line year. Plant Turning expectations. The were and SOP that roughly materialize We X% to Nutrition the to the had might didn’t our impacts sales under shift our second lingering volumes for that that segment. year-over-year. weather been would’ve quarter impact Unfortunately, this continue extraordinary first in our applications quarters of with
the As sentiment us The per current lower down and that that for $XX that the quarters change for impact quarter quarter, is down a X% several a was Kevin over last sequentially. volume around perspective. average lower that year-over-year, from combined year-over-year year, in Well, mentioned, has In X% the volumes impacted it positive $XXX the our a has obviously and was been pricing. ton, sets prices to selling in up XXXX not of price there revenue great view was the is million. XX% third
seem the pace Generally, with XXXX. kept the occurs we mining year to believe soil the that extraordinary unlikely occurred growing this that of that through in applications conditions themselves repeat not weather normal conditions that have and fiscal
extraordinary. which and forward California the wettest clearly some SOP of of sales experienced network. point slowdown we’ve in in qualifies across able the One past years, build a go our been reference, just as the seventh As to year XXX that is deploy warehouse benefit inventory
a ton we picked of those quarter, don’t we take and the being delivered being we a Speaking for the decrease if distribution by as a of also on warehouses that note saw higher this by year-over-year influence at have as up opposed costs basis X% saw I’d responsibility that during proportion to will delivering sales per our company. product. the lower price dynamic price can often we to assume sales
and following impact our sales Distribution cost XXXX year-over-year, were per during on production costs. costs use natural All-in that ton ton the also benefited on X% basis per from took by the bolster subpar the gas a steps shift the in up a year evaporation operational the mix KCL regional spike product season, quarter. of the earlier inventory from we yields the including to in of driven
is drivers year-over-year. approximately of to million that $XX impact third these EBITDA net adjusted million The declined $XX from quarter
first its in had third Fortress highlighted, Kevin sales As quarter.
positive EBITDA from period. revenue, adjusted this the business a So small operating earnings we to and enjoyed contribution
the million with that We in had around revolver quarter the quick gained of excited the of $XXX million roughly team liquidity Fortress are comprised At capacity million. and $XX of cash has we end, marketplace. of $XXX traction
debt the EBITDA quarter. end Net at to of times adjusted at X.X stood the
XXXX. July to due noted in million As $XXX a pleased were refinancing successfully May in our of of previously, notes execute we
believe these part each the in to fund as objectives refinancing. non-debt reasonable that within potential to pricing Our bolstering we credit range as of and debt focus lithium of on years. Refinancing four accommodate efforts terms, profile, the coming flexibility financing our we our creating our centered I agreement the a maturity objectives. refinancing work through out liquidity, on achieved of pushing that wide sources
release outlook $XXX expect Moving million. fact the EBITDA are In of year. of on through $XXX the the to year. narrowing remaining our of our the to range in our the guidance we for of press now we yesterday, that Salt, reflect three quarters the now range a announced way In million we to
now year. our fiscal know, the throughout guidance we approach segment the final months not of you the did few adjust as year As Salt we until
given and of beginning the winter Our guidance for assumed average a the original weather. year midpoint EBITDA million $XXX implied at of
we of within the is reflect all strong in that that season original down the deicing deicing C&I reflects distance had guidance is of resulting fact moving pricing. revenue fact midpoint The the winter our and of within winter business striking average favorable mix EBITDA to a and that a sales volumes, highway below midpoint was XX% very still despite average
way these an Despite For that discussed managed forecast throughout Nutrition this we to year for business expectations, reasons to our million. our challenging the we have been we’ve expect year remains on calls, business. though the a for at guidance unchanged this in midpoint the challenges, and today original business year the of volumes even that EBITDA previous has Plant fewer exceptionally to such $XX see our compared
and in in a and restoration Salt side and the Nutrition a company The side. Plant job year dynamics business have on the and this great conditions year done commercial price Plant role a teams Nutrition managing of the helping businesses navigate successfully big challenging demand of our of on played profit have the weather Salt
will the guidance line $XX up year, fourth to into contribute at recognized other the all quarter. million for midpoint. At dollars double expected Fortress, we of the rolls digit from to with $XX That business in that we the expect at unchanged nearly millions EBITDA that are item, our low of in in and still to business forecasting, prior corporate which expense come million the net be fiscal
in moving of $XX down a early down into spent $XX being year will million prior CapEx a the of result development quarter from lithium to than range that This a to quarter. million is capital million million rather to result our to range in range the $XX is next XXXX during shift of slightly million. $XXX to reflecting $XX moving current the $XXX fiscal of timing million, pushing CapEx late
million Our XXXX I’ll sustaining of time, $XXX share guidance about to this thoughts the a million XXXX, prior $XX remains bid At from CapEx guidance. our unchanged few season.
year, we noted current deicing results average Based what are last for As increase the to expecting season. salt highway coming press on we seen an surprising date, in the price had. North yesterday’s XX% in lower given America we’ve volumes way below than the entirely X% year. bid about of X% deicing release, the that approximate we’re in bid just saw is deicing season we Committed are we not next roughly which through
Throughout we the an us season, our most discipline of emphasis that value commitments most on to have continued XXXX to volume book natural adherence and for building commercial strategy bidding serve, markets a bias profitable. towards over with geographically therefore are
As volume projected on up we when is price us. earnings will our salt usual, November season bidding and true call the behind our
the season, the through However, against this XX% we of year. relatively date results view of backdrop the as the highly way particularly a constructive, winter to sluggish
SG&A. Briefly to ultimately to our savings undertaken. annual call, savings earnings million program split XXXX. we cost $XX equally efforts last roughly reduction fiscal On in fiscal product expected cost and the These of first turning between discussed result have was are cost of $XX our phase the cost XXXX to compared we rationalization corporate an by related expenses of costs million to
which impact business, expected notified as And the in Nutrition impacted of cost out operations. related relates the to And result, when rationalization for personnel. subject of for recognized last the Phase and be late the are generally income The we to a X inventoriable. second those in Plant XXXX expected is the XXXX production the week will Cost benefit in statements the year. of and this are begin impacted the middle packaging sold phase primarily operations of efforts the weather upcoming to fiscal Salt winter through business to inventory, of products the initiative
savings profitability in to combined key lower all one our in and our else should that impact two equal is The the phases and that years. meaningful takeaway is of the result cost improve structure coming expected
growth buildup at you where stock rally wanted of Notwithstanding continues and classic couple businesses, are the development, with have Fortress trading we of we I a at today. share company. assign core to opportunity higher our the a company’s potential weather about reasonable clear and earnings our price Salt recent run on the share planned into accelerating power align shareholder the London where multiples thoughts price, to Plant valuation. our opportunities of than why that by lithium sensitivity valuation to adjacencies a Nutrition we near competencies with to create earnings value we're reducing a earnings and support If contemplates Finally, our believe as our long sum-on-the-parts growth our it's advancing of by the excited core that valuation our
I'll Q&A. With to Operator? back operator it that, for the turn the to open lines
